Top 21 Security Startups to Follow in 2021

Top 21 Security Startups to Follow in 2021

Cyber Security as a field and its professionals, products, relative services have never been in more demand. As Covid'19 came into being, all professional setups, as a result, got shifted online. With that, Cyberattacks became very common, also advanced. So, to protect confidential data and critical business assets hosted/conducted online, the requirement for cybersecurity and its professional setups exponentially rose.

 

As this Cyber Security domain had many empty spaces required to be filled by its professionals, A significant change was observed in the past year. A substantial contributing number of Cyber Security startups got founded and filled the space. According to a recent joint study conducted by CBInsights and PwC, Cyber Security startups were the third fastest-growing startup domain, having received $10.7 billion as funding in the year 2020. From Cyber Security further outgrowing subdomains like network and data security, IT governance, risk measurement, policy compliance, it has been predicted that this industry is going to be worth $300B by 2025, According to CB Insights Emerging Trends and Cyber Security Analysis.

 

AXIS SECURITY:

It is a cloud-based solution built on zero trust, with the sole purpose of facilitating customers, contractors, third parties for secure remote access to the company's system. Zero trust is a security concept where an organization does not trust anything inside or outside its parameters, and before allowing access to its resources/system verifies and authenticates the entity. As this startup focused on the concept of shifting the work element from home based on a remote basis securely and with the pandemic, its importance and worth got accelerated.

In its rule-based engine, customers can create a secure environment and, based on the role, define what entity can access what, do what, and download what. This is fully controlled by this cloud-based security product. Unlike the legacy solution where the access granted is beyond the role demand hence invites unnecessary risks and threats, Axis Security's isolation application ensures access to only required role-based resources.

Website: https://www.axissecurity.com 

Industries: Computer and Network Security.

Company Size: 11-50 employees.

Headquarters: San Mateo, CA. Research and Development in Tel Aviv, Israel.

Founder: Privately held | backed by Canaan Partners, Ten Eleven Ventures, and Cyber starts | Dor Knafo - Co-Founder & CEO - Axis Security.

Founded: 2018.

Funding Raised: Axis Security raised $32 million in Series B funding, bringing its total venture capital funding to $49 million. 

BITGLASS:

The specialty and significance of BitClass are that it developed an extravagant cloud security platform by combining cloud access security brokerage, on-device secure web gateways, and zero-trust network access to secure endpoints across all networks. It basically tracks, detects and protects against data and threat protection of all endpoints/end devices in a network. With its performance and uptime measure, it ensures secure business continuity for larger organizations.

Website: https://www.bitglass.com

Industries: Computer Software

Company Size: 51-200 employees

Headquarters: Campbell, CA

Founder:  Privately held | based in Silicon Valley with offices worldwide, It is backed by Tier 1 investors | Nat" Kausik, CEO Bitglass

Founded: 2013

Funding Raised: Bitglass raised $70 million in Series D funding bringing its total venture capital funding to $150 million.

CADO SECURITY:

Cado Security established itself by offering the first cloud-native forensics encountered with a response platform. It works in real-time and secures organizations by alerting them about potential breaches and security incidents and counteracting them actively. It also brings forward the ability to forensically analyze the possible damages or impact resulting from any security incidents or attack. It can perform forensic analysis of compromised systems as well. It can provide its services on cloud structure as well as on-premise systems. Unlike traditional security solutions, it integrated cloud security with forensics which ultimately was able to find the root cause of an incident.

Website: https://www.cadosecurity.com

Industries: Computer and Network Security.

Company Size: 1-10 employees.

Headquarters: London, England.

Founder: Privately held | James Campbell - Co-Founder and CEO - Cado Security.

Founded: 2020

Funding Raised: Raised $1.5 million in seed funding.

CONFLUERA:

It came out as one of the prominent security solutions in the pandemic. One of its significant features includes an extended detection and response solution XDR, which consistently tracks and monitors network traffic and combines it with machine-generated threat detection, a Machine Learning powered anomaly analyst. After combining the two pictures, it generates a real-time attack narrative. It does not follow the traditional time-taking approach of logging the isolated threats and passing that on further analysis by the threat analysis team. Its primary advantage is that it frees the human team from joining the dots of various threats loopholes and ultimately verifying what's going on; instead, it automates the entire process. This solution has inculcated machine learning as well.

Website: http://www.confluera.com

Industries: Computer and Network Security.

Company Size: 11-50 employees.

Headquarters: Palo Alto, California

Founder: Privately held | Abhijit Ghosh - Co-Founder and CTO - Confluera

Founded: 2019

Funding Raised: Raised $20 million in series B funding.

CATO NETWORKS:

It is also one of the startups that gained a considerable boost as a result of the pandemic. It is also a SASE provider. SASE stands for secure access service edge. The concept behind this term is the convergence of wide-area network WAN and network security service like zero trust architecture into a single cloud-delivered service model. A SASE architecture identifies users and devices, applies policy-based security, and delivers secure access to the appropriate application or data. This approach allows organizations to apply for secure access no matter where their users, applications, or devices are located. In the pandemic, this solution showed a 300 percent increase in its utilization by the remote organization. 

Website: http://www.catonetworks.com

Industries: Computer and Network Security.

Company Size: 201-500 employees.

Headquarters: Tel-Aviv.

Founder: Privately held | Shlomo Kramer.

Founded: 2015

Funding Raised: Closed on a $130 million round of funding after raising $77 million in the previous round. Its total valuation is up to $1 billion.

CYBERREASON:

Its main area of security product provisioning is endpoint security. It provides endpoint threat detection and response services and can also be referred to as an advanced antivirus solution. It works in an automated manner where it tracks, reports unusual patterns, and blocks known attack traffic. It aggregates all the unique behavioral data into an understandable pattern for concluding and simplify its investigation. It has made a place in the eSecurity planet list of top Endpoint Detection and Response Solution. It can detect advanced tools, tactics, and procedure-based attacks mentioned in the MITRE ATTACK framework exploring real-world attack scenarios.

 

Website: http://www.cybereason.com

Industries: Computer and Network Security.

Company Size: 501-1000 employees.

Headquarters: Boston, MA.

Founder: Privately held | Lior Div, CEO and Co-Founder at Cybereason.

Founded: 2012.

Funding Raised: Its investment total is around $400 million. Softbank funded it $200 million due to its behavioral detection.

DATAFLEETS:

It works as a data engine specially focused on its privacy protection. It provides datafleet for analysis, rapid access, compliance, ML models, and applications to data scientists and developers without giving direct access to it. The data is undercover and provided for use through easy-to-use APIs. The under-covered data is protected using advanced federated computation, transfer learning, encryption, and differential privacy. This security solution fills the gap between making innovative research and data privacy by complying with data protection standards and keeping on data science initiatives.

Website:  https://www.datafleets.com

Industries: Computer Software

Company Size: 11-50 employees.

Headquarters: Palo Alto, CA.

Founder: Privately held, David Gilmore, Nick Elledge Founders.

Founded: 2018

Funding Raised: Raised $4.5 million in the seed round.

DEFENSESTORM:

DefenseStorm focused on the provisioning of security solutions to the banking sector. In 2020, it emerged as the only cloud-based, compliant automated security product for banking systems. It monitors the entire banking system traffic in real-time, checks for compliance to the security policies, and verifies the system's security postures. It keeps the security team and executives updated on real-time monitored traffic of the banking system and relevant generated reports, thereby providing its real-time security status. The company threat dynamic compliance team keeps the banking sector internal team as well as its customers in the loop of the monitoring procedure to keep the business continuity stable, better management, and being cost-effective by taking immediate remedial actions.

Website: https://www.defensestorm.com

Industries: Computer and Network Security.

Company Size: 11-50.

Headquarters: Alpharetta, Georgia.

Founder: Privately held | Edgardo Nazario, Harold Brewer, Jeffrey Lunsford, and Sean Cassidy.

Founded: 2014.

Fund Raising: Raised $29.9 million in series A funding.

DARKTRACE-THREAT DETECTION: 

It is an Artificial Intelligence-based threat detection framework, which detects and eradicates threats and performs in real-time. It was developed by combining the expertise of IT professionals of the University of Cambridge with intelligence experts from MI5. The detection of no yet recognized threat and attacks employed Unsupervised machine learning, AI, and self-learning technology. It has the ability to predict future threats by monitoring any anomaly or actions that seem deviated from the usual organization work activity flow. It has been declared as one of the top Intrusion detection and prevention system by eSecurity Planet. It has also been regarded as a world leader for autonomous AI-based cyber solution.

Website: http://www.darktrace.com

Industries: Computer and Network Security.

Company Size: 1001-5000 employees.

Headquarters: Cambridge, Cambridge shire.

Founder: Privately held | Poppy Gustafsson, Dave Palmer, Emily Orton, Jack Stockdale, and Nicole Eagan.

Founded: 2013.

Fund Raising: Raised $230 million through 7 rounds of funding. 

ENSO SECURITY:

It has been established targeting the security aspect of developers. It is an application security posture management platform ASPM that provides security to developers during their app development process, as quite a times developers and IT teams encounter security issues during development and while testing bugs. This product is apt for providing automated security to counteract risk during the development and in the end product. The ENSO security ASPM keeps track of an application's inventory, ownership, and relevant risks to help the security team build security policy and then implement it into an automated systematic manner.

Website: https://enso.security/

Industries: Computer and Network Security.

Company Size: 11-50 employees.

Headquarters: Mill Valley, California.

Founder: Privately held | Roy Erlich - Co-Founder & CEO - ENSO. security

Founded: 2020.

Fund Raising: Raised $6 million in seed funding.

ETHYCA:

The core functionality of Ethyca is focused on compliance. It engages in maintaining regulatory data privacy compliance across an organization's infrastructure. Ethyca provides its services by automating compliance tasks like real-time data mapping, automated subject requests, consent management, and subject erasure handling. It also helps the organization in the automatic discovery of sensitive data within their system. It brings the element of trust in a data-driven organization by ensuring data privacy compliance.

Website: https://ethyca.com

Industries: Computer Software.

Company Size: 11-50 employees.

Headquarters: New York, NY. 

Founder: Privately held | Cillian Kieran - Founder & CEO – Ethica.

Founded: 2018.

Fund Raising: Raised $13.5 million in funding in June 2020.

HAVOC SHIELD:

Havoc shield focused on bringing security aspects to small businesses. It provided advanced security technological solution which would protect these businesses from data breaches, phishing, dark web activity, and other threats. Its security products and compliance match the standard of fortune first 100 companies. Small businesses also deserve to have their security mechanism in place, but they end up not having it because of limited resources, so Havoc Shield worked for it and filled that gap. It helped small businesses succeed by providing them standard security services like huge IT setups and instilled trust in customers for small businesses, which ultimately helped them grow.

Website: https://havocshield.com

Industries: Computer and Network Security.

Company Size: 1-10 employees.

Headquarters: Chicago, Illinois.

Founder: Privately held | Brian Fritton - CEO & Founder - Havoc Shield.

Founded: 2019.

Fund Raising: Raised $1.5 million in the first two rounds of funding.

ILLUMIO:

Illumio used micro-segmentation technology to establish a zero-trust framework that detects and limits data breaches in the data center and cloud. It adjusts security policies in accordance with an organization's internal structure changes and enforces the correct implementation of these policies. This company's work got accredited as the second-best in the top zero-trust extended ecosystem provider report. It received several industry awards as well. Illumio extends its services to enterprises like Morgan Stanley, BNP Paribas, Salesforce, and Oracle NetSuite for achieving cybersecurity threat protection and compliance. It provides real-time protection to critical information of applications coupled with relevant vulnerability assessment and micro-segmentation. This entire product can work across any data center, public cloud, or hybrid cloud deployment on bare-metal, virtual machine containers.

Website: http://www.illumio.com

Industries: Computer Software.

Company Size: 201-500 employees.

Headquarters: Sunnyvale, California.

Founder: Privately held | Andrew Rubin - CEO & Founder - Illumio

Founded: 2013

Fund Raising: Raised $332.5 million from a huge panel of investors.

IMMUNE:

It has been established to implement the regulatory compliance, especially of cybersecurity laws like HIPPA, GDPR, CCPA. It provides automated management of data which includes maintaining access control and privacy compliance according to security policies. It provides an automated data governance platform that establishes trust across data engineering, security, legal, compliance, and business teams to ensure timely access to critical data with minimal risk. It has been given the 2020 rising star by DataBricks and had been named one of the best places to work and learn by Inc Magazine.

Website: https://www.immuta.com/demo/

Industries: Computer Software.

Company Size: 51-200 employees.

Headquarters: Boston, Massachusetts.

Founder: Privately held | Steve Touw is the co-founder and CTO of Immuta.

Founded: 2014.

Fund Raising: Raised $40 million in series C funding.

ISOVALENT:

It has targeted the customers who have their business processes hosted in the cloud environment. It works for connecting, monitoring, securing mission-critical, complex workloads of organizations on cloud platforms. Its product, Cilium, has been chosen by world-leading organizations like Adobe, Capital One, Datadog, GitLab, and many more. Google recently selected Cilium as the next-generation Data Plane for its GKE offering calling Cilium "the most mature eBPF implementation for Kubernetes out there" in its "New GKE Dataplane V2 increases security and visibility for containers".

Website: https://www.isovalent.com

Industries: Computer and Network Security.

Company Size: 11-50 employees.

Headquarters: MOUNTAIN VIEW, CA

Founder: Privately held | backed by Andreessen Horowitz, Google, and Cisco Investments | Dan Wendlandt is Co-founder / CEO at Isovalent.

Founded: 2017.

Fund Raising: Raised $29 million in series A funding.

ONETRUST:

OneTrust is a widely adopted and used platform for services like privacy, security, and data governance. The fundamentals of this company's product include AI-powered discovery and classification, third-party risk exchange, ethics, and compliance software, privacy management software, and more. Its products ensure a comprehensive security solution that can manage complex organizational infrastructures. Half of the Fortune 500, which includes more than 7500 customers, use OneTrust to integrate their corporate infrastructure regulated with CCPA, GDPR, LGPD, PDPA, ISO27001, and hundreds of the world's privacy and security laws.

Website: http://www.onetrust.com

Industries: Computer Software.

Company Size: 1001-5000 employees.

Headquarters: Atlanta, Georgia.

Founder: Privately held | Kabir Barday - Founder, President, and CEO – OneTrust.

Founded: 2016.

Fund Raising: Raised $300 million in series C funding. Total $710 million in total funding of 18 months. The total valuation is at $5.1 billion.

JUPITER ONE:

JupiterOne works around the concept that complexity acts as an enemy against security operations and assurance. For combating the complexity factor, it makes the centralized visibility of client organization's assets and resources from all of its various platforms, maps relationships between them, and records any changes in the environment from the developed single searchable repository. It is regarded as one of the first cloud-based security solutions that employs a graph data model. It has been trusted and used by various big infrastructures like Reddit, Databricks, Auth0, and Addepar. It promotes the growth and evolution of a client company by providing it an entire security package starting from policy creation to compliance and certifications to operating secure cloud infrastructure.

Website: https://jupiterone.com

Industries: Computer Software.

Company Size: 51-200 employees.

Headquarters: Morrisville, North Carolina

Founder: Privately held | Erkang Zheng, founder and CEO of JupiterOne.

Founded: 2018.

Fund Raising: Raised $19 million in series A funding.

ORCA SECURITY:

It provides cloud-based, workload-deep security and compliance services to AWS, GCP, and Azure. As other security platform employs cloud silos, Orca treats cloud as an interconnected web of assets. Based on potential damage been caused by a security issue, it calculates risk and tackles security issues based on risk level priority. Delivered as SaaS, Orca Security's patent-pending SideScanning™ technology reads cloud configuration and workloads' runtime block storage out-of-band, detecting vulnerabilities, malware, misconfigurations, lateral movement risk, weak and leaked passwords, and unsecured PII.

Website: https://orca.security

Industries: Information Technology and Services.

Company Size: 51-200 employees.

Headquarters: Los Angeles, California.

Founder: Privately held | Avi Shua - CEO & Co-Founder - Orca Security.

Founded: 2019.

Fund Raising: Raised $292 million in series C funding.

LIGHTSPIN:

This cloud-based security framework works to protect Native, Kubernetes, and microservices from known and unknown risks. Its underlying technology includes a predictive graph-based framework. Using this graph-based technology, it commands the cloud and security teams to eliminate all active attack paths and cultivate the risk associated with them from the root. It also enhances productivity by prioritizing the risks and handling the more severe alerts first.

Website: https://www.lightspin.io

Industries: Computer and Network Security.

Company Size: 11-50 employees.

Headquarters: Tel Aviv

Founder: Privately held | Vladi Sandler, Co-Founder & CEO, Light spin.

Founded: 2020.

Fund Raising: Raised $4 million in seed funding.

PERIMETER 81:

It has developed and offered multiple security products. Still, recently in highlights, one of its products is the new Zero Trust Application Access solution that provides greater network visibility, seamless onboarding, and automatic integration with major cloud providers. In 2019 it joined hands with another startup SentinelOne. This was done to ensure that endpoints are fully protected and compliant before providing access to Perimeter 81 cloud-based network. Later in 2020, it integrated with SonicWall for the sole purpose of enabling businesses to be able to connect to a single secure network and gain access to physical and cloud resources from any location. It got named by Gartner as on their Cool Vendor List in 2019.

Website: http://www.perimeter81.com

Industries: Computer and Network Security.

Company Size: 51-200 employees.

Headquarters: Tel Aviv, Israel.

Founder: Privately held | CEO Amit Bareket and CPO Sagi Gidali.

Founded: 2018.

Fund Raising: Raised $40 million in series B funding.

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